The Most Splendid Housing Bubbles in Canada, April Update, as Yields Spike & Bank of Canada Hikes by Wolf Richter • Apr 21, 2022 • 78 Comments But wait… Many home buyers had mortgage rates that were guaranteed when rates were much lower.
I Now Have to Add Netflix to my “Imploded Stocks” by Wolf Richter • Apr 20, 2022 • 219 Comments Shares collapsed by 68% since November. $205 billion evaporated. FANGMA without the N.
As Mortgage Rates Begin to Bite, Home Sales Fall to Lowest since June 2020, Supply Rises for Second Month by Wolf Richter • Apr 20, 2022 • 108 Comments But wait… Haven’t seen anything yet. Impact of today’s holy-moly mortgage rates won’t show up in the sales data for a couple of months. Here’s why.
Treasury Bond Massacre, Mortgage Rates Hit 5.35%, Highest since 2009, and it’s Only April by Wolf Richter • Apr 19, 2022 • 157 Comments But future bond buyers get the higher yields.
A “Housing Shortage” amid a Building Boom that Outruns Household Growth? by Wolf Richter • Apr 19, 2022 • 194 Comments Something Has to Give.
The 2021 Creatures of Goldman Sachs: its IPOs, SPACs, Direct Listings Are Imploding after Bonuses Spiked to a Record by Wolf Richter • Apr 18, 2022 • 110 Comments They sure made hay while the sun was shining.
Margin Debt Drops Further amid Imploded Highfliers & Broad Stock Market Sell-Off: Not a Good Sign for Stocks by Wolf Richter • Apr 18, 2022 • 136 Comments There are other types of stock market leverage, and no one knows how much leverage there is in total. Margin debt is the only reported indicator.
Has Gasoline Price Shock Triggered Demand Destruction Yet? And Where Will Gasoline Prices Go from Here? by Wolf Richter • Apr 17, 2022 • 172 Comments There’s some demand destruction. But oil bounced again already. Gasoline might be next. My guess is a long-drawn-out zigzag higher.
After Blowing $328 Billion on Share Buybacks since 2017, JPMorgan, BofA, Wells Fargo, Citi, Goldman Sachs Stocks Drop by Wolf Richter • Apr 15, 2022 • 175 Comments Q1 was crappy as IPOs imploded, investment banking took a hit, mortgage activity fizzled, other stuff happened.
Retail Sales v. Raging Inflation, Stimulus Miracle March, and the Red-Hot Shift to Services by Wolf Richter • Apr 14, 2022 • 212 Comments It’s rough out there in multiple ways.
